The federal funds rate is
A. the interest rate banks charge the federal government.
B. the interest rate on short-term loans of reserves from one bank to another.
C. the interest rate banks charge their most credit-worthy customers.
D. the interest rate on federal government bonds.
B. the interest rate on short-term loans of reserves from one bank to another.
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Tom's marginal utility of Mountain Dew exceeds his marginal utility of crackers at his consumer equilibrium. Therefore, his consumer surplus from Mountain Dew must exceed his consumer surplus from crackers
Indicate whether the statement is true or false
The signaling theory of education maintains that workers who complete specific levels of education enhance their productivity through education
a. True b. False Indicate whether the statement is true or false
Some studies show that even students who earned high grades in science classes accept disproven explanations for scientific phenomena. These disproven explanations had been acquired prior to the science classes. These studies provide some support for which of the following systematic mistakes that people make?
a. people are overconfident b. people give too much weight to a small number of vivid observations c. people are reluctant to change their minds d. All of the above are correct.
Higher values of the Gini coefficient are associated with
A. less labor mobility. B. greater income inequality. C. greater labor mobility. D. greater education inequality. E. less income inequality.